Online Fraud Prevention

07/10/2019

A new study from Juniper Research has found that the value of online fraudulent transactions is expected to reach $25.6 billion by 2020, up from $10.7 billion last year. This means that by the end of the decade, $4 in every $1,000 of online payments will be fraudulent, click on the link below to know more:


https://www.juniperresearch.com/press/press-releases/online-transaction-fraud-to-more-than-double

The value of online fraudulent transactions is expected to reach $25.6 billion by 2020, up from $10.7 billion last year.

20/09/2019

Last year, the Federal Trade Commission received complaints from more than 35,000 people who reported this particular phone scam and lost a collective $10 million because of it, click on the link below to know more:


https://www.huffpost.com/entry/how-to-tell-phone-call-is-a-scam_l_5d7bccd6e4b077dcbd5d6e15?guccounter=1

It probably is.

11/09/2019

influencer marketing spend is up to $8.5 billion in 2019, and the industry is forecast to hit up to $10 billion in 2020, however the report finds that the direct global economic costs of fake followers in influencer marketing are conservatively placed at $1.3 billion, click on the link below to know more:


https://www.zdnet.com/article/fake-influencer-follower-fraud-to-cost-companies-1-3b-in-2019/?fbclid=IwAR3BG9mN10Ot3NhoYEgnEX_W8sTRYsnOXKMmkgkHNXp2fsScorWMSailgWc

Businesses are expected to lose $1.3 billion this year in online ad spending because of fake influencer followers.

11/09/2019

When it comes to fraud in the payments industry, synthetic identity fraud is worse than the traditional identity fraud, click on the link below to know more


https://www.paymentsjournal.com/understanding-and-stopping-synthetic-identity-fraud/

When it comes to fraud in the payments industry, there has been both good news and bad news. With the widespread adoption of EMV chip cards, there has been a drastic reduction of card-present fraud cases. But as the saying goes, when a door closes, a window opens, and when it comes to fraud, fraudst...

11/09/2019

A recent report said that cybercrime will cost total global losses of an estimated 6 trillion USD, click on the link below to know more


https://cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016/?fbclid=IwAR36IAel6YW7Q0Lhmo_LuE-Xxo2jFmcWGSVfopYbjWXQBVQXdOXDl6us3mc

The 2017 Official Annual Cybercrime Report is sponsored by Herjavec Group, a leading global information security advisory firm and Managed Security Services Provider (MSSP) with offices across the United States, Canada, and the United Kingdom.

11/09/2019

Account takeover (ATO) attacks, in which a person's credentials are stolen and used to send emails from their real account, click on the link below to know more


https://www.cioandleader.com/article/2018/10/09/account-takeover-attacks-rise-study?fbclid=IwAR34bIKSy3hiV5MrGXRfcSIdmRrc7DDdn7s1mc25UX7m86blNhLXVPJLbXI

Account takeover (ATO) attacks, in which a person's credentials are stolen and used to send emails from their real account, have multiple objectives. Some attackers try to use the hacked email account to launch phishing campaigns that will go undetected, some attackers steal credentials of other emp...

11/09/2019

Fraudster can use stolen credit cards or card numbers to make purchases that the cardholder did not authorize. Not only does this result in theft from the cardholder, but it also opens the door for chargebacks to be filed against the merchant, click on the link below to know more:

https://chargebacks911.com/knowledge-base/card-not-present-transactions/?fbclid=IwAR2asKyokGLzbksoL7FlEtdFBH-svDzOoZzRh5vuD_-DCQc5jdS7M8LaVHw

11/09/2019

As now we are in the age of internet, we often to buy things online because of it's convenience, but do you know that the rate of online fraud is rapidly increasing? Click here to know more:

https://www.securitymagazine.com/articles/88451-e-commerce-fraud-loss-reaches-578-billion?fbclid=IwAR02wUhRKPuRwBvFP1yshOlsFvV9Bzbb1ytbHrthx94Q1jQHfcIfnFHVtGo

Account Takeover has replaced Stolen Financials as the fastest growing fraud threat for eCommerce websites in 2017.